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Oracle Targets EPS Growth of 22 to 28 Percent in Fiscal Year 2006

Oracle Targets EPS Growth of 22 to 28 Percent in Fiscal Year 2006


 
Redwood Shores, Calif., January 26, 2005 - Oracle Corporation today forecast pro forma earnings per share growth of 24 percent or $0.62 per share for Fiscal Year 2005. For Fiscal Year 2006, the company announced that it is targeting pro forma earnings per share growth of 22 to 28 percent or $0.76 to $0.80 per share. Oracle also reported that the PeopleSoft acquisition is on track to contribute to the company's pro forma earnings growth in both Fiscal Year 2005 and Fiscal Year 2006.
 
More details will be available at Oracle's financial analyst meeting, which will be webcast at www.oracle.com/investor beginning at 11:30 a.m. EST today.  Oracle is the world's largest enterprise software company.  For more information about Oracle visit www.oracle.com.


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About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company.  For more information about Oracle visit our Web site at http://www.oracle.com.


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Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.  Other names may be trademarks of their respective owners.


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For more information about Oracle, contact Anneleen Holleweg, PR Director Oracle Belgium-Luxembourg  at (+32-2) 719 12 11 (Cette adresse e-mail est protégée contre les robots spammeurs. Vous devez activer le JavaScript pour la visualiser.) or Gert Asselman, Outsource at (+32-2) 451 00 14 (Cette adresse e-mail est protégée contre les robots spammeurs. Vous devez activer le JavaScript pour la visualiser.) or visit Oracle's website at http://www.oracle.com/.

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"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: Information in this release relating to Oracle's future prospects, which are "forward-looking statements" are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not necessarily limited to, the following: (1) Economic, political and market conditions could adversely affect purchasing decisions for computer software and services throughout the world. The war on terrorism and the potential for other hostilities in various parts of the world continue to contribute to a climate of economic and political uncertainty that could adversely affect revenues. Delays in closing of transactions, reductions in size of individual transactions without an offsetting increase in volume, unanticipated fluctuations in currency exchange rates, delays in product delivery, or a decline in our renewal rates for software license updates and product support can cause quarterly revenues and income to fall short of anticipated levels. (2) Oracle recently completed the acquisition of PeopleSoft, Inc. on January 7, 2005, and, in addition to the risks associated with acquisitions generally, Oracle has had little experience integrating and managing a multi-billion dollar acquisition, may have higher than anticipated costs in continuing support and development of acquired PeopleSoft products, may not realize the anticipated increase in revenues if a larger than predicted number of PeopleSoft customers decline to renew software license updates and product support and may not be able to realize its employee retention goals which could adversely impact operations. (3) Management's ability to forecast revenues and control expenses, especially on a quarterly basis, continues to be a challenge. An unexpected decline in revenues without a corresponding and timely slowdown in expense growth could have a material adverse effect on results of operations. (4) Oracle continues to introduce new or enhanced versions of its products and services, such as Oracle Database 10g, Oracle Application Server 10g, Oracle E-Business Suite, Oracle Collaboration Suite, Oracle Customer Data Hub and Oracle On Demand. The market acceptance and contribution to Oracle's revenues of these new versions or products and services cannot be assured. (5) Oracle periodically has made changes to its pricing model and sales organization, which could lead to a decline or delay in sales as its sales force and customers adjust to the new pricing policies and organizational changes. Intense competition in the various markets in which Oracle competes may also put pressure on Oracle to reduce prices.  (6) The market for Oracle's products is intensely competitive and is characterized by rapid technological advances and frequent new product introductions. There can be no assurances that Oracle will continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance. All information set forth in this release is current as of January 26, 2005. Oracle undertakes no duty to update any statement in light of new information or future events. For further information regarding risks and uncertainties associated with Oracle's business, please refer to the "Risk Factors" section of Oracle Corporation's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or Oracle's Investor Relations website at http://www.oracle.com/investor.